H1b company acquisition - requires new petition? Wait to travel?

rangolim

New Member
I am currently on H1b visa (have the I797 and visa stamped in passport).
My division in the company(companyA) is being acquired by another company(companyB). My job requirements and employment contracts remain as-is even after the acquisition by companyB.
The acquisition is expected to complete in April 1st week. companyB will assume all obligations regarding my employment from that time onwards.
My questions are these:
a) Do I need another H1b petition from companyB after or during the acquisition? (I-797 and/or I-129)?
b) Does companyB need to file any paper-work with immigration for my employment?
c) I plan to travel to India during the 4 weeks of April. I currently have the I-797 and I-129 filed by companyA and have the visa stamped. Would that be sufficient at the port-of-entry?
d) If companyB does file a petition of H1b, do I have to wait till I receive the new I-797 approval before travelling outside the US? Or would the receipt of filing the new H1b petition be sufficient?

Looking forward to your replies.
Thank you in advance.

-r
 
I would like to see a reply for this question. I am in almost same situation now. My department might be acquired by another company, and I am planning to leave to India in December for 5 weeks. Discussions are still going on, and am not sure of the exact date and terms of acquisition, but wanted to be prepared, and have all necessary documents and procedures done before leaving.

Thanks,
Sandeep
 
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